HYLE.DE vs. XDEV.DE
HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) and XDEV.DE (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both exchange-traded funds - HYLE.DE is a High Yield Bonds fund tracking the iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged), while XDEV.DE is a Global Equities fund tracking the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, HYLE.DE returned 2.18%/yr vs 17.35%/yr for XDEV.DE. A 0.55 correlation means they provide meaningful diversification when combined. HYLE.DE charges 0.55%/yr vs 0.25%/yr for XDEV.DE.
Performance
HYLE.DE vs. XDEV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HYLE.DE achieves a 0.62% return, which is significantly lower than XDEV.DE's 35.07% return.
HYLE.DE
- 1D
- 0.17%
- 1M
- -0.03%
- YTD
- 0.62%
- 6M
- 0.96%
- 1Y
- 3.91%
- 3Y*
- 6.29%
- 5Y*
- 2.18%
- 10Y*
- —
XDEV.DE
- 1D
- -0.89%
- 1M
- 11.02%
- YTD
- 35.07%
- 6M
- 38.05%
- 1Y
- 63.16%
- 3Y*
- 26.76%
- 5Y*
- 17.35%
- 10Y*
- 12.35%
HYLE.DE vs. XDEV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist | 0.62% | 5.98% | 5.45% | 9.62% | -10.62% | 3.02% | 2.52% | 3.53% |
XDEV.DE Xtrackers MSCI World Value Factor UCITS ETF 1C | 35.07% | 24.76% | 11.62% | 15.67% | -4.96% | 30.90% | -12.53% | 7.83% |
Correlation
The correlation between HYLE.DE and XDEV.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.55 |
The correlation between HYLE.DE and XDEV.DE has been stable across timeframes, ranging from 0.53 to 0.56 - a consistent structural relationship.
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Return for Risk
HYLE.DE vs. XDEV.DE — Risk / Return Rank
HYLE.DE
XDEV.DE
HYLE.DE vs. XDEV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) and Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| HYLE.DE | XDEV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.32 | ||
| Sortino ratioReturn per unit of downside risk | -4.24 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.81 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 10.38 | -8.92 |
| Martin ratioReturn relative to average drawdown | 6.60 | 39.12 | -32.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYLE.DE | XDEV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 4.52 | -3.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 1.23 | -0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.71 | -0.39 |
Drawdowns
HYLE.DE vs. XDEV.DE - Drawdown Comparison
The maximum HYLE.DE drawdown since its inception was -22.59%, smaller than the maximum XDEV.DE drawdown of -35.28%. Use the drawdown chart below to compare losses from any high point for HYLE.DE and XDEV.DE.
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Drawdown Indicators
| HYLE.DE | XDEV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -35.28% | +12.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -6.05% | +3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -18.02% | +13.97% |
Max Drawdown (5Y)Largest decline over 5 years | -15.38% | -18.02% | +2.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.28% | — |
Current DrawdownCurrent decline from peak | -0.23% | -1.07% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -5.56% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 1.61% | -0.98% |
Volatility
HYLE.DE vs. XDEV.DE - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) is 1.06%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.DE) has a volatility of 5.77%. This indicates that HYLE.DE experiences smaller price fluctuations and is considered to be less risky than XDEV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYLE.DE | XDEV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 5.77% | -4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 11.20% | -8.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 13.89% | -10.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.85% | 13.96% | -8.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.39% | 15.90% | -7.51% |
HYLE.DE vs. XDEV.DE - Expense Ratio Comparison
HYLE.DE has a 0.55% expense ratio, which is higher than XDEV.DE's 0.25% expense ratio.
Dividends
HYLE.DE vs. XDEV.DE - Dividend Comparison
HYLE.DE's dividend yield for the trailing twelve months is around 5.36%, while XDEV.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist | 5.36% | 5.34% | 5.38% | 4.76% | 4.17% | 3.83% | 4.50% | 1.75% |
XDEV.DE Xtrackers MSCI World Value Factor UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYLE.DE and XDEV.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEV.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEV.DE is cheaper with a 0.25% expense ratio, compared with 0.55% for HYLE.DE.
HYLE.DE is categorized as High Yield Bonds, while XDEV.DE is Global Equities. HYLE.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged), while XDEV.DE tracks MSCI ACWI Value NR USD. They also come from different issuers: iShares and DWS. Their fees differ too: 0.55% for HYLE.DE and 0.25% for XDEV.DE.
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